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Jul 29, 2013
07/13
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speaker boehner mass said we won't raise the debt ceiling without real cuts in spending. >> so, you know, we've been through budget debates over last four years, and sometimes you get the sense that people are starting all over again as if we hadn't been through the last four years. we are not in the same place that we were in in 2011. we have seen several legislations enacted that have reduced the deficit very substantially. we are seeing the the most rapid reduction of the deficit since the end of world war ii when we demobilized. we're outperforming expectations in terms of how quickly we're reducing the deficit and reducing health care costs. >> debt crisis, the idea of austeri austerity, you don't think we face an urgent need for a grand bargain. >> we have an urgent need to address the fundamental cornerstones of thriving economy for the american middle class. we cannot cut our way to prosperity. we have already done a lot of deficit retux. we are on a path right now where, you know, just recently the imf said we're doing too much too quickly. we should be doing more in the long te
speaker boehner mass said we won't raise the debt ceiling without real cuts in spending. >> so, you know, we've been through budget debates over last four years, and sometimes you get the sense that people are starting all over again as if we hadn't been through the last four years. we are not in the same place that we were in in 2011. we have seen several legislations enacted that have reduced the deficit very substantially. we are seeing the the most rapid reduction of the deficit since...
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Jan 6, 2013
01/13
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CNNW
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can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me, but what the president said, he's not going to deal, he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, we're going to be talking about further deficit reduction, but it has to be done in a balanced way. at the heart of this debt ceiling debates is whether or not we're going to continue to reduce the deficit. i think we need to do it in a thoughtful way. and the president said as long as it's balanced he's open to the conversation. >> okay. so i'm confused because i've heard him say multiple times i am not going to negotiate over raising this debt ceiling. so are you going to negotiate? >> i can just tell you this. the debt ceiling is something that we should put behind us in a hurry. you know, i
can you raise that debt ceiling without agreeing to some spending cuts? >> well, i think we're going to need both. what the president has said is we need some balance here. from this point forward -- >> excuse me, but what the president said, he's not going to deal, he's not going to negotiate. he just wants you to raise it. is that going to happen? >> let me add one thing. i think in the course of the state of the union address, and the president has already said, we're going...
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Feb 26, 2013
02/13
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WUSA
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this was president obama's idea back when we were negotiating raising the debt ceiling. the across-the-board cuts that disproportionately affect the military. the republicans almost 300 days ago put forward our plan to replace these cuts with smarter reforms, smarter cuts. there's a better way to do it. what we need is for the president to get off the campaign trail, quit talking about raising taxes, and actually deliver on his promise to cut spending. we're talking $85 billion. >> congresswoman, you say the president's got to stop campaigning and start negotiating. but if you look at the latest polls, it appears it's working. the public is going to blame your party, republicans. >> well, these cuts were the president's idea. we are very concerned about the impact that they're going to have. we hope as we move forward that the president will come back to washington, d.c., sit down with the senate democrats, urge them to come up with a plan to show that there is a better way to implement these cuts. $85 billion out of a $4.2 trillion budget. it can be done. but there's a
this was president obama's idea back when we were negotiating raising the debt ceiling. the across-the-board cuts that disproportionately affect the military. the republicans almost 300 days ago put forward our plan to replace these cuts with smarter reforms, smarter cuts. there's a better way to do it. what we need is for the president to get off the campaign trail, quit talking about raising taxes, and actually deliver on his promise to cut spending. we're talking $85 billion. >>...
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months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d.c. always great talking to you. >> thanks, diane. >> that is the latest everybody on the fiscal cliff negotiations in washington. we'll be back at top of the hour or as usual break in at any time if we continue to get news. don't forget fox business will be live tomorrow morning a 5:00 a.m. for special coverage as markets react to all of this. i'm diane macedo. here is your regular programing. >> this has been a fox business special report. we now return you to your regularly scheduled programing. lou: 20 f-16s will be shipped to egypt at beginning of the month. this has a number of president's critics absolutely furious. your thoughts on that level of engagement? is it correct or really high-stakes gambling? >> bell i think that stresses the point, seems to me, w
months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d.c. always great talking to you. >> thanks, diane. >> that is the latest everybody on the fiscal cliff negotiations in washington. we'll be back at top of the hour or as usual...
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Oct 12, 2013
10/13
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ALJAZAM
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the house republicans have offered a proposed al to raise the debt ceiling. but it would offer cuts to benefit programs. the house will be in session on saturday. >>> as the house rolls on some states have struck a deal to re-open a few national monuments. >> this weekend the statue of liberty will welcome visitors and on monday the grand can job ancanyonand mt. rushmore will o. private fund are being used to open mt. mus rushmore. a cyclone is making it's way toward eastern india. some areas have seen damage from the storm. authorities have ordered thousands of residents to evacuate. >>> those are the headlines at this hour i'm john siegenthaler i will see you next week. americ"america tonight" is up nn al jazeera. you can get the latest information and weather on aljazeera.com. >>> on "america tonight." left hanging. wash dithers on the stalemate. the most vulnerable of workers worries about what is going to happen tomorrow. >> i don't know if i will have a job when this is over. >> also tonight. a low down on lobster. a gourmet glut. and why it's become a
the house republicans have offered a proposed al to raise the debt ceiling. but it would offer cuts to benefit programs. the house will be in session on saturday. >>> as the house rolls on some states have struck a deal to re-open a few national monuments. >> this weekend the statue of liberty will welcome visitors and on monday the grand can job ancanyonand mt. rushmore will o. private fund are being used to open mt. mus rushmore. a cyclone is making it's way toward eastern...
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Apr 28, 2013
04/13
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. >> i am not sure what they would do for a debt ceiling. they punted it i am for making a std debt ceiling and the country will come behind us. the sequest is a cut in the rate of the increase . the president said the sky was fall he shut down tours in the white house . the same week he agreed to send $250 million more to egypt. there is money and it is irresponsible for the president to lay off air traffic controller we need and sending money to countries we don't have. >> and what is the motivation. high profile things like the white house tours and national park faa and people want to take the flights whampt is the motivation? >> to politicalize this . shows that government couldn't exist. but it is back firing on them particularly when they eliminated self gipeded tours in the white house, the same week they sent $250 million more to egypt. we can't afford to rebuild every nation in the world. but we should be able to keep the capitol open. people are seeing through the political games of the president. american people are saying for go
. >> i am not sure what they would do for a debt ceiling. they punted it i am for making a std debt ceiling and the country will come behind us. the sequest is a cut in the rate of the increase . the president said the sky was fall he shut down tours in the white house . the same week he agreed to send $250 million more to egypt. there is money and it is irresponsible for the president to lay off air traffic controller we need and sending money to countries we don't have. >> and...
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Oct 12, 2013
10/13
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remember the last time we had a debt ceiling crisis got a sequester that cut spending by $1 trillion over 10 year the ly reliable cut we have got. adam: to use the they gain control of both houses? >> no ifhey gain control both hous then erything is on them it is there fault but i dn't see them winning a house spinet they have been suffering the hero version but not the winner. >> so the president's approval h remained stle since the shutdown actually going up two points since last month. whatappens when the president passed to negotiate on entitlements? >> does the prest win or lose? >> i think he loses becse most people do once entiement reformnd one the pconditions is that entitlemts are on the table but my guess is the only trade out there is the democrats would lo to see the quester lifted and in exchange they may give up some restrictnn on the growth of entitlemes that remains to be seen but it will remain interesting we will get some hints about th if we see that the vice president bided is allowed into theoombut that has not yet happened. adam: bu can the president get the le
remember the last time we had a debt ceiling crisis got a sequester that cut spending by $1 trillion over 10 year the ly reliable cut we have got. adam: to use the they gain control of both houses? >> no ifhey gain control both hous then erything is on them it is there fault but i dn't see them winning a house spinet they have been suffering the hero version but not the winner. >> so the president's approval h remained stle since the shutdown actually going up two points since last...
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Oct 9, 2013
10/13
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without any spending cuts. >> we can't raise the debt ceiling without doing something about what is driving us to borrow more money and live beyond our means. the idea that seshd raise spending and give the bill to our kids and grand kids would be wrong. >> both the president and house speaker boehner are facing two political stations. they are taking a beating over the shut down but what the president is planning on doing raising the national debt to well over $18 trillion. >> doug luzader reporting live for us. eight are arrested at an immigration rally at the capitol. they were booked for blocking main street. filmmaker was on kelly files. >> what i saw today was not only sad but despicable. you are saying you are rolling back to last week. i have been here all week. i am telling you it has only gotten worse. today i watched thousands of illegal immigrants walk right through the mall nobody stopping them -- i am wrong. there was one gate with a sign that said don't come in. when you went to the memorial the gates are still up. they are still not getting in. the only way you can g
without any spending cuts. >> we can't raise the debt ceiling without doing something about what is driving us to borrow more money and live beyond our means. the idea that seshd raise spending and give the bill to our kids and grand kids would be wrong. >> both the president and house speaker boehner are facing two political stations. they are taking a beating over the shut down but what the president is planning on doing raising the national debt to well over $18 trillion....
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Apr 27, 2013
04/13
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you would have to cut government but not raising the debt ceiling is going to a balanced budget. >> eric: have the house republicans let you down in this? they seem to be caving in on a lot of areas. how does it sit with you? >> i am not sure what they are going to do on the debt ceiling. i am for making a stand on the debt ceiling and always have. i think we could have the country come behind us. look at the sequester, increase in spending and the sky was falling they said. he shut down the tours at the white house same week he agreed to send $250 million more to egypt. so there is money but a matter of prioritizing. i think it's irresponsible to lay off air traffic controllers that we need while sending money to countries that we don't have. >> eric: what is the motivation behind the white house, white house tours, national parks, like the faa, people want to take their flights but they are delays. what is the motivation? >> i think to politicize this and show that absent government couldn't exist on a little bit less money. i think it's backiring on them particularly when you show tha
you would have to cut government but not raising the debt ceiling is going to a balanced budget. >> eric: have the house republicans let you down in this? they seem to be caving in on a lot of areas. how does it sit with you? >> i am not sure what they are going to do on the debt ceiling. i am for making a stand on the debt ceiling and always have. i think we could have the country come behind us. look at the sequester, increase in spending and the sky was falling they said. he shut...
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Jul 25, 2013
07/13
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ceiling without real cuts in spending. it's as simple as that. >> reporter: officials here say they simply will not negotiate with republicans on the debt ceiling because those talks spooked the markets and hurt the economy, which is why the president today declared if the republicans don't want to pay the nation's bills, they're deadbeats. a sign we're headed for a big showdown. >> here we go again. thank you, ed. >>> 40% self identified as democrats in this latest poll, 34% republican, 22% independent or other and 3% as don't know or wouldn't say. on wall street today stocks were up. the dow was up 13, the s&p 500 added 4, the nasdaq gained 26. >>> in washington, when numbers are your friend, you point to them. and when they aren't, you ignore them. that seems to be the case again with a new report from the nonpartisan congressional budget office that looks at the sequester. chief congressional correspondent mike emanuel has details. >> reporter: a new analysis from the congressional budget office estimates if sequestrat
ceiling without real cuts in spending. it's as simple as that. >> reporter: officials here say they simply will not negotiate with republicans on the debt ceiling because those talks spooked the markets and hurt the economy, which is why the president today declared if the republicans don't want to pay the nation's bills, they're deadbeats. a sign we're headed for a big showdown. >> here we go again. thank you, ed. >>> 40% self identified as democrats in this latest poll,...
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Oct 8, 2013
10/13
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WUSA
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ceiling unless the president agrees to budget cuts first. >> there's going to be a negotiation here. we can't raise the debt ceiling without doing something about what's driving us to barrow more money and to live beyond our means. the idea that we should continue to spend money that we don't have and give the bill to our kids in & our grand kids would be wrong. this isn't about me and frankly, it's not about republicans. this is about saving the future for our kids and grand kids. >> pelley: it's next week's deadline on paying america's debts that is the biggest threat to the economy. that has turned wall street increasingly sour. the dow hit an all-time high in mid-september, but since then it has fallen 900 point. it dropped nearly 160 today after hearing the speaker and the president. it closed today at 14,776. so who's afraid of a federal default? here's anthony mason. >> reporter: the u.s. treasury's already using emergency measures to pay its bills. but by october 17, it will be down to $30 billion in cash. >> $30 billion in the treasury is equivalent to probably $30 in your c
ceiling unless the president agrees to budget cuts first. >> there's going to be a negotiation here. we can't raise the debt ceiling without doing something about what's driving us to barrow more money and to live beyond our means. the idea that we should continue to spend money that we don't have and give the bill to our kids in & our grand kids would be wrong. this isn't about me and frankly, it's not about republicans. this is about saving the future for our kids and grand kids....
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Aug 17, 2013
08/13
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but we can have arguments about little areas to cut and debt ceilings and sequester. at the end of the day it comes to entitlement. if you want to balance the economy for the next generation, look at that. >> david: i know you are not terribly concerned about the deficit in general. you don't like big government spending but the deficit doesn't scare you. but the taxpayers pay for the interesten the deficit. >> rather than pay interest on the government discovering new programs. being back to rick's point, would you prefer genentech and pfizer or merck discover cure for cancer or the government? >> go ahead, rick. >> what i prefer is whatever gets the job done. ask genentech -- let me finish. you asked me the question. ask genentech how much of what they accomplished has been with the assistance of the government funds. >> david: emac. >> in social economies you don't see the major american brands like we have there, the soft economic power. you don't see it in china or socialist countries. there is a reason for that, because of the private sector. >> david: that is t
but we can have arguments about little areas to cut and debt ceilings and sequester. at the end of the day it comes to entitlement. if you want to balance the economy for the next generation, look at that. >> david: i know you are not terribly concerned about the deficit in general. you don't like big government spending but the deficit doesn't scare you. but the taxpayers pay for the interesten the deficit. >> rather than pay interest on the government discovering new programs....
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Jan 5, 2013
01/13
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ceiling to trigger government spending cuts. but there is it every indication that they will do so . republicans will probably have more leverage than they did in the fight over the fiscal cliff. the problem is, even the threat of defaulting on its debt and lower the credit rate raising the cost of borrowing money and could trigger a global depreddings. >> if congress refuses to give the united states the ability to pay the bills on time. the consequences to the global economy could be catastrophic. last time our entire economy suffered. our familis and businesses cannot afford that dangerous game again. >> congressional office said it will leave 900 billion a year in deficits. republicans say by raising taxes on the wealthy. they ended the revenue debate. it still requires a balance of spending cuts and revenue from renorming the tax code. republicans do agree that the tax code needs reform. >> the i.r.s. is a nightmare. too costly and unfair. there is it something wrong when they have to hire a professional to do taxings. you
ceiling to trigger government spending cuts. but there is it every indication that they will do so . republicans will probably have more leverage than they did in the fight over the fiscal cliff. the problem is, even the threat of defaulting on its debt and lower the credit rate raising the cost of borrowing money and could trigger a global depreddings. >> if congress refuses to give the united states the ability to pay the bills on time. the consequences to the global economy could be...
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Jan 22, 2013
01/13
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ceiling unless you make these cuts now. we have over $16 trillion in debt. we can't afford it. i don't want to have this conversation every couple of months. do your job and barack obama, hold them accountable. >> neil: there is this thing about double treatment that is not quite the same when it comes to blaming republicans for being obstructionists by not wanting to increase the debt ceiling when the media didn't do that when every major democrat, including a then senator barack obama did the same thing seven years ago. >> you can't expect the media to do the job they are supposed to do. they won't hold the republicans and democrats equally accountable. so the g.o.p. needs their own marketing and p.r. team -- >> neil: i think they are running from their own shadow. they need more time to get this set and the prerogatives. but to the president, i'm sure, it sends a message, weak, weak, weak. >> they are under the impression, if they give an inch, the president will say, they are doing their best. this is not how it works.
ceiling unless you make these cuts now. we have over $16 trillion in debt. we can't afford it. i don't want to have this conversation every couple of months. do your job and barack obama, hold them accountable. >> neil: there is this thing about double treatment that is not quite the same when it comes to blaming republicans for being obstructionists by not wanting to increase the debt ceiling when the media didn't do that when every major democrat, including a then senator barack obama...
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Mar 2, 2013
03/13
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LINKTV
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ceiling. >> it is likely it will take weeks and possibly months before the true impact of the cuts is felt. in the meantime, another fiscal crisis looms, and if the nation cannot come to agreement on that, as possible the government will shut down. >> minnesota is feared dead after being swallowed by a sinkhole that opened up under his home late on thursday near tampa. police say the land underneath the house is a network of cabins full of water. family members told emergency crews they heard a loud crash and scream. >> i ran in and jump in the hole. i was screaming his name. i could swear i heard him calling my name. >> i've been told by outside experts that the site is extremely unstable. this is not your typical sinkhole. this is a cabin. this covers a great distance. we still have not been able to find the boundary of the underground cavern. >> it has been revealed venezuela's president has been receiving chemotherapy as part of his cancer treatment. despite battling for his life, the leader's reported to be in good spirits. these comments were made after a church service after ac
ceiling. >> it is likely it will take weeks and possibly months before the true impact of the cuts is felt. in the meantime, another fiscal crisis looms, and if the nation cannot come to agreement on that, as possible the government will shut down. >> minnesota is feared dead after being swallowed by a sinkhole that opened up under his home late on thursday near tampa. police say the land underneath the house is a network of cabins full of water. family members told emergency crews...
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Jan 5, 2013
01/13
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he's defending increased tax revenue and spending cuts. to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn't take of loop holes and deductions. it is settled when they raised taxes on the rich . now they want to focus on spending cuts . they are likely to have more leverage . the if the is democrats refuse to take a meaningful statement to make washington live within its mean. that fails to acknowledge what every family knows. when you have no more money in the account and credit cards are maxed stop. that made employers less likely to hire. we can't afford that uncertain ty even with the threat of a default. it could trigger a global recession . >> tomorrow on fox news sunday. john roberts with chris wallace . his guest republican jim jordan from ohio and democratic chris van hollen. check your time for times. >> fox news confirms that and it is chuck haggerty. and james rosen has this report. >> jamie, good evening. two democratic sources confirm to ed henry late yesterday that pre
he's defending increased tax revenue and spending cuts. to be a part of the debt ceiling debate. spending cuts must be balanced with reforms to our tax code. the wealthest and biggest corporations shouldn't take of loop holes and deductions. it is settled when they raised taxes on the rich . now they want to focus on spending cuts . they are likely to have more leverage . the if the is democrats refuse to take a meaningful statement to make washington live within its mean. that fails to...
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cuts. >> we can't raise the debt ceiling without doing something about what's driving us to borrow more money and live beyond our means. >> the treasury department said it will run out of money to pay its bills on october 17th. >> susan mcginnis, wjz eyewitness news. >> this morning the international monetary fund is warning if the u.s. defaults on its loans it will push this country back into a recession and hurt the global economy. >>> a sex trafficking case stretching from rhode island to maryland has been busted up. mike schuh is live with details. good morning, mike. >> reporter: good morning. three people have been air force arrested in two separate cases just a day apart. >> craig anderson behind bars after a 24-year-old woman said he held her captive for years and forced h her to have sex for money. >> she's actually been forced to be a prostitute for the last 2 years working for the same suspect. >> the woman who had been beaten went to a carroll county fire station for help. just a day before another woman called howard county police with a similar story. she claims 29-year-ol
cuts. >> we can't raise the debt ceiling without doing something about what's driving us to borrow more money and live beyond our means. >> the treasury department said it will run out of money to pay its bills on october 17th. >> susan mcginnis, wjz eyewitness news. >> this morning the international monetary fund is warning if the u.s. defaults on its loans it will push this country back into a recession and hurt the global economy. >>> a sex trafficking case...
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Oct 22, 2013
10/13
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WETA
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ceiling, don't cut spending, don't do anything about entitlements and at the end of the day the political establishment won, americans lost and they're upset about it. >> woodruff: we saw, as i just mentioned, it's not just the majority of americans, it's the majority of republicans and the majority of tea party members who say they think it was a mistake to use a threat to not raise the debt ceiling to shut down the government and that republicans made a mistake and hurt themselves. >> well, there are folks that probably went back home trying to explain why they -- particularly if they were in the u.s. senate who did nothing for three years to roll back obamacare and i understand the difficulty explaining that but the kansans i talked to and the americans i talk to about the rest of the nation they're concerned about the future. they're not worried about the next election, they're saying what are you doing about obamacare to make sure you make it fair, if you're going to give an exemption to big business, mr. president, give it to the rest of the americans. that was part of the deal we t
ceiling, don't cut spending, don't do anything about entitlements and at the end of the day the political establishment won, americans lost and they're upset about it. >> woodruff: we saw, as i just mentioned, it's not just the majority of americans, it's the majority of republicans and the majority of tea party members who say they think it was a mistake to use a threat to not raise the debt ceiling to shut down the government and that republicans made a mistake and hurt themselves....
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Feb 1, 2013
02/13
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that's because the debt already reached a ceiling of $16.4 trillion set by law. the bill is putting pressure on both chambers of commerce by mid-april. republicans are expected to continue pushing the government to cut the fiscal deficit by reviewing social security spending. the budget is a lingering concern for lawmakers. they must come up with measures to resolve the issues of spending cuts by early march. here in japan the jobless rate in december has gotten worse. the number of jobs on offer for people seeking work has seen the first increase in five months. the latest data from the internal affairs ministry shows unemployment for december was 4.2%. that's up .1 of a point from december. the number of people without a job increased by 70,000 to 27.8 million. those with a job fell 350,000 to 62.6 million. as for the whole of 2012 the job situation improved. the average unemployment rate last year stood at 4.3%. that's down .3 of a point from the previous year. the labor ministry announced that the ratio of job vacancies to seekers improved slightly in decembe
that's because the debt already reached a ceiling of $16.4 trillion set by law. the bill is putting pressure on both chambers of commerce by mid-april. republicans are expected to continue pushing the government to cut the fiscal deficit by reviewing social security spending. the budget is a lingering concern for lawmakers. they must come up with measures to resolve the issues of spending cuts by early march. here in japan the jobless rate in december has gotten worse. the number of jobs on...
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Jan 17, 2013
01/13
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to come up with a strategy over the drama over the debt ceiling. continuing resolution and sequester cuts. one of them admits it's a tough situation for them. >> there is no celebration in the fact we are a nation of $16 trillion in debt. you have somebody in the white house that says to do the one thing that makes no sense whatsoever. that is raise the debt creeling with no change in the future. that is absurd argument. >> let's get more on the republican messaging from senior political analyst. brit hume. good evening. >> hi, bret. >> the house republicans are not wrong to seek spending cut to allow borrowing by a treasury more than $16 trillion in debt. but in politics it's not enough to be right. you need to be effective. it requires recognition that politics is a team sport and being united is critical. this is true if the party controls one house of congress and the other party not only has the other one but the white house as well. consider what happened in the recent fiscal cliff end game. taxes were set to go up by law on january 1. some h
to come up with a strategy over the drama over the debt ceiling. continuing resolution and sequester cuts. one of them admits it's a tough situation for them. >> there is no celebration in the fact we are a nation of $16 trillion in debt. you have somebody in the white house that says to do the one thing that makes no sense whatsoever. that is raise the debt creeling with no change in the future. that is absurd argument. >> let's get more on the republican messaging from senior...
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ceiling and those seaquest ration spending cuts this shouldn't come as a major revelation so in the meantime from tax hikes to trillion dollar coin ideas edward harrison is here to discuss what is likely to be the fallout from what he calls the fiscal cliff left and les miserables it is a hollywood blockbuster meant to show off a list actors singing chops or is it actually a valuable lesson in the economic misadventures of stated them very relevant today while jeffrey tucker argues the latter will hear why business week's cover feature is babies crying on capitol hill but what about a study that finds babies born during recessions are more likely to be delinquent teens no word on what happens if they get elected to office we'll have more in loose change plus we'll talk sped minutes an inflationary dragons' let's get to today's capital account.
ceiling and those seaquest ration spending cuts this shouldn't come as a major revelation so in the meantime from tax hikes to trillion dollar coin ideas edward harrison is here to discuss what is likely to be the fallout from what he calls the fiscal cliff left and les miserables it is a hollywood blockbuster meant to show off a list actors singing chops or is it actually a valuable lesson in the economic misadventures of stated them very relevant today while jeffrey tucker argues the latter...
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it could come even as a debt ceiling is reached. remember s&p cut the u.s. in 2011 even when a debt ceiling agreement was leaked. remember they kept extending it and at the 11th hour, august 2nd, the president signed a debt ceiling deal and s&p cut on august 5th. what we're hearing, fitch is saying if we exhaust extraordinary measures, if we miss a payment, of course there will be a downgrade, also from moody's. but the key here, bank of america and merrill lynch are saying fitch could cut even if negotiations get contentious and even if a debt ceiling agreement is reached. that is so key what will happen to the u.s. credit rating from one of these guys. you could see some action. then you will see the bond market getting roiled if there is a downgrade. lori: absolutely. so that downgrade could happen perhaps the october 17th deadline, is that the bottom line? >> possibly and even after that because remember there will be some leeway up until halloween when the markets start to get spooked, meaning extraordinary measures are being exhausted and you could see
it could come even as a debt ceiling is reached. remember s&p cut the u.s. in 2011 even when a debt ceiling agreement was leaked. remember they kept extending it and at the 11th hour, august 2nd, the president signed a debt ceiling deal and s&p cut on august 5th. what we're hearing, fitch is saying if we exhaust extraordinary measures, if we miss a payment, of course there will be a downgrade, also from moody's. but the key here, bank of america and merrill lynch are saying fitch could...
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Jul 31, 2013
07/13
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reaches the debt ceiling and could default on its loans unless congress raises the borrowing limit. if this sounds familiar, it should. it's the same battle that played out in 2011. the answer then, automatic budget cuts known as sequestration, which democrats blame for the slow economic recovery. >> we've already lost 1.6 million jobs. sequestration. >> but republicans say the cuts aren't the problem. >> borrowing, spending, raising taxes, and overregulation are not a prescription for a vibrant economy. >> the 2011 debt ceiling debate led to america's credit being downgraded for the first time in history. so today the president will be concentrating on democrats here on capitol hill. this is after yesterday he offered this grand bargain to republicans that would soundly rejected, wanting to actually cut the corporate tax rate and use the funding to create jobs. republicans did not want any part of that. they wanted much more of that in their bargain. anne-marie? >> susan mcginnis in washington. thank you, susan. >>> well, overseas investigators say it appears human error is to blam
reaches the debt ceiling and could default on its loans unless congress raises the borrowing limit. if this sounds familiar, it should. it's the same battle that played out in 2011. the answer then, automatic budget cuts known as sequestration, which democrats blame for the slow economic recovery. >> we've already lost 1.6 million jobs. sequestration. >> but republicans say the cuts aren't the problem. >> borrowing, spending, raising taxes, and overregulation are not a...
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Oct 11, 2013
10/13
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FOXNEWSW
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speaker boehner offered president barack obama a six week hike of the debt ceiling. in return he wants the president to offer real spending cuts in order to reopen the government. >> we want to offer the president today the about to move. a temporary increase in the debt ceiling in agreement to go to conference on the budget for his willingness to sit down, discuss with us a way forward to reopen the government. i would hope that the president will look at this as an opportunity and a good faith effort on our part to move half way to what he's demanded in order to have the conversations begin. >> jay carney proved his instincts were right and agreed obama would sign onto that agreement. that's what they said he said. i'm not sure he said exactly that. let me get you up to speed. in the meeting, senator harry reid who's not in the meeting said you know what, i don't think we're going to sign it. even if president barack obama agree, harry is not interested in separating the two ideas. >> question? >> question is who wins? who loses? is this going to turn on democrats?
speaker boehner offered president barack obama a six week hike of the debt ceiling. in return he wants the president to offer real spending cuts in order to reopen the government. >> we want to offer the president today the about to move. a temporary increase in the debt ceiling in agreement to go to conference on the budget for his willingness to sit down, discuss with us a way forward to reopen the government. i would hope that the president will look at this as an opportunity and a...
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Oct 13, 2013
10/13
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LINKTV
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in the united states, efforts to end the government shutdown and agree on a debt ceiling continue this week. on thursday, house republicans put forward a plan that would give a short-term debt limit increase and reopen the government. that would give congress time to agree on new spending cuts and a .udget the obama administration would avoid a default on government bonds. the president is happy that cooler heads seem to be trailing -- prevailing in the house. that there are at least seems to be a recognition that default is not an option. >> a u.s. debt default would be unprecedented and have implications for the global economy. friday saw the long-awaited announcement of the nobel peace prize in the norwegian capital of oslo. year, the award went to the organization for the prohibition of chemical weapons. ofthe conventions and work opcw have defined the use of chemical weapons as a taboo under international law. recent events in syria, where chemical weapons have again been used, have underlined the need to enhance the efforts to do away with such weapons. neare sarin gas attack dam
in the united states, efforts to end the government shutdown and agree on a debt ceiling continue this week. on thursday, house republicans put forward a plan that would give a short-term debt limit increase and reopen the government. that would give congress time to agree on new spending cuts and a .udget the obama administration would avoid a default on government bonds. the president is happy that cooler heads seem to be trailing -- prevailing in the house. that there are at least seems to...
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Jan 28, 2013
01/13
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FOXNEWS
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that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism called sequester. that means $1 trillion will be cut across the board. $500 billion out of defense. across the board. >> in a meat ax approach that will hollow out the force if it happens. >> one of the nation's largest defense contractors general dynamics based in false church virginia reported $2 billion in losses. blaming the upcoming defense cuts. the aerospace industry association estimates that $450,000 jobs will be lost in virginia, maryland and washington, d.c. if dequest ration cuts take place in march, which could be devastating to the local economy. >> we are talking about somethi
that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism...
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Oct 11, 2013
10/13
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FBC
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the plan wod give t esident this 6-week extension ofhe debt ceiling that would push pential default back unti november 22nd read before thanksgiving. both parties wou b appointed to try and work out aroader budget package of the president agrees to sit and talk about spending cuts and tax reform as part of a deal toet the governme back open. >> it is time f these negotiations and is compensation to begin, and i wou hope that the president would look this an opportunity and a good-faith effort i apart to move halfway. >> reporter: that means death speaker is givin the psident to clean extension of the debt ceiling but is not opening the government without conditions. nonetheless the white use seems eager for at least a partial deal. ite house spokesman offered sues the market.s designed ted the dow soared by over 300 points on speculation f a potential deal >> the predent is happy that cooler heads seem to be prevailing. there a least seems to be recognition that the fault is not an option. >> there are still huge road blocks starting with wheth the ker can getnough tes to raise the debt
the plan wod give t esident this 6-week extension ofhe debt ceiling that would push pential default back unti november 22nd read before thanksgiving. both parties wou b appointed to try and work out aroader budget package of the president agrees to sit and talk about spending cuts and tax reform as part of a deal toet the governme back open. >> it is time f these negotiations and is compensation to begin, and i wou hope that the president would look this an opportunity and a good-faith...
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Jul 28, 2013
07/13
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CNNW
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more cuts before you raise the debt ceiling, and you have a party that's split on whether, in fact, government spending should continue into the new fiscal year with obama care. you have folks in your party saying, unless obama care is defunded, we won't keep the government in business. aren't those all signs of a party that's really split? >> a healthy debate can be good. one of the issues you mentioned there about the nsa, i thought it was absolutely disgraceful that so many republicans voted to defund the nsa program, which has done so much to protect our country. this is an isolation streak that's in our party. it goes totally against the party of eisenhower, bush. i mean, we are a party of national defense. we're a party who did so much to protect the country over the last 12 years. >> where's the real republican party? which one of those? where's the real republican party? >> i think we're going to find that out over the next three years. i want the republican party to be a party of strong national defense and a party who, for instance, can reach out to labor unions, construct
more cuts before you raise the debt ceiling, and you have a party that's split on whether, in fact, government spending should continue into the new fiscal year with obama care. you have folks in your party saying, unless obama care is defunded, we won't keep the government in business. aren't those all signs of a party that's really split? >> a healthy debate can be good. one of the issues you mentioned there about the nsa, i thought it was absolutely disgraceful that so many republicans...
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Jan 13, 2013
01/13
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FOXNEWSW
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there is nothing you can cut on the debt ceiling you can't cut on the continuing resolution. so i would say, mr. president, we are going to put the debt ceiling off to june 30. let me tell you why. between now and then, we are going on cut $3 trillion, $4 trillion -- whatever it is on the continuing resolution and the sequestration. if you stop us from doing that, you are going to put us in a position that the only thing left's the debt ceiling. let's hope we can work together. one thing, the american people know we don't have a $17 trillion debt because we tax too little. it's because we spend too much. >> shannon: that's the debate we heard during the fiscal cliff negotiations and we are going to hear in the weeks and months, as you have outlined. all during the fiscal cliff, all the polling showed that the general public thought this was the fault of the house republicans, primarily the house side and republicans in congress as a whole. have you headed up the republican national committee, you know what it is like to sell a message to the american people. why are the repub
there is nothing you can cut on the debt ceiling you can't cut on the continuing resolution. so i would say, mr. president, we are going to put the debt ceiling off to june 30. let me tell you why. between now and then, we are going on cut $3 trillion, $4 trillion -- whatever it is on the continuing resolution and the sequestration. if you stop us from doing that, you are going to put us in a position that the only thing left's the debt ceiling. let's hope we can work together. one thing, the...
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mean they want to cut it i mean for the budget yes if we crossed the threshold the debt ceiling without a resolution to raise it it is the executives responsibility to make those priority if there is no not if we are all on the president if there is no decision i wasn't going to pass it well i'm do they mean there as they're calling for it in the senate i mean there is but that's not what they do it would be just that by the way that we got the point here that the president to get across to the american people the point is not what they do with what they're just upon to let me take away money from senior citizens let's take away air traffic controllers you can't lie to him for me to go on and on here the laundry list can go on and i'm proud that i'm making is that that's a false argument meaning that it's squarely in the court of the president to make decisions about if there's an act of congress which is the argument that is well i'm going to do it my way and lacking an act of congress it's up to the president and obviously he's going to have to come up with some priorities if if congr
mean they want to cut it i mean for the budget yes if we crossed the threshold the debt ceiling without a resolution to raise it it is the executives responsibility to make those priority if there is no not if we are all on the president if there is no decision i wasn't going to pass it well i'm do they mean there as they're calling for it in the senate i mean there is but that's not what they do it would be just that by the way that we got the point here that the president to get across to the...
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Oct 9, 2013
10/13
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CNNW
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deficit reduction, tie a package of spending cuts to raising the debt ceiling, he says, that's what has always been done." so wolf, what we see here is the strategy that has been evolving. he understand that they stepped on their own message, obama care. you were talking about the glitches in the system with the congressman. they want to criticize obama care, talk about the problems with just getting on to these exchanges. they would have had the bully pulpit on that. we saw at the president's presser, not one question was raised about obama care because what was everybody talking about? the government shutdown. so now, speaker boehner starting over the weekend, has clearly turned a page to where he wanted to be in the first place, which was to talk about deficit reduction and tie that to the debt ceiling but you still have ted cruz out there and he represents one wing of the republican party and paul ryan clearly represents another wing of the republican party. paul ryan is much more about getting those entitlement cuts and ted cruz is still talking obama care. >> and i read the op-ed
deficit reduction, tie a package of spending cuts to raising the debt ceiling, he says, that's what has always been done." so wolf, what we see here is the strategy that has been evolving. he understand that they stepped on their own message, obama care. you were talking about the glitches in the system with the congressman. they want to criticize obama care, talk about the problems with just getting on to these exchanges. they would have had the bully pulpit on that. we saw at the...
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Jan 20, 2013
01/13
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proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive step. >> will there are always spending reform measures and you never get a clean debt ceiling raise. >> yes, you should. >> that's not a question of whether you should. but historically it's not been the case. >> mitch mcconnell proposed it two years ago and we passed it. but let me say this on the budget. we democrats have always intended to do a budget this year. for two reasons. first, it is not true that we haven't had budget control in effect over the last several years. the budget control act of 2011 put rigid spending cuts that are in effect -- that were in effect last year. we cut $1 trillion. we didn't like it. it was much more of a republican type proposal than ours. in effect, it expires this year. so we need a budget. but second, it's going to be a great opportunity for us. because in our budget t
proposal doesn't say that, dollar in cutting for every dollar in raising the debt ceiling. >> would you support a short-term measure to force you to pass a budget? >> i think it should be longer because we don't want to play fiscal cliff every three months. but it's a positive step. >> will there are always spending reform measures and you never get a clean debt ceiling raise. >> yes, you should. >> that's not a question of whether you should. but historically it's...
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Oct 6, 2013
10/13
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. >> we're moving toward the debt ceiling. three years ago, two years go, we did the debt ceiling, everybody got hurt by it. they did extend it with sequestration built in. automatic spending cuts. the same thing is going to have to happen, i think, this time, which is what is it that the tea party and the republicans want? i think what they want is spending restraint entitlement reform, something. >> can they get it? >> well, if obama won't negotiate, he'll be the one risking the downgrade of the bonds, which i don't think -- they'll have to come up with something. >> republicans are taking the hit. you look at the polls. the longer this thing goes on and if it goes on to the debt ceiling, which could be catastroph catastrophic, and could lead to, you know, we already have a fragile economy as it is, horrible gdp, horrible unemployment, if it goes negative in a big way, the president bears the responsibility for that, does he not? >> yes, he does. and the problem is because he's the leader of the government. in 2011, despite
. >> we're moving toward the debt ceiling. three years ago, two years go, we did the debt ceiling, everybody got hurt by it. they did extend it with sequestration built in. automatic spending cuts. the same thing is going to have to happen, i think, this time, which is what is it that the tea party and the republicans want? i think what they want is spending restraint entitlement reform, something. >> can they get it? >> well, if obama won't negotiate, he'll be the one risking...